Schibsted ASA Correlations

SBSNY Stock

USD 28.16 0.86 2.96%

The correlation of Schibsted ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Schibsted ASA Correlation With Market

Good diversification

The correlation between Schibsted ASA ADR and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schibsted ASA ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Schibsted ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schibsted ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Schibsted ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Schibsted ASA ADR to buy it.

Moving together with Schibsted Pink Sheet

0.69

PTAIF

PT Astra International

Pair Corr

Moving against Schibsted Pink Sheet

0.6	PSORF	Pearson Plc	Pair Corr
0.58	RUM	Rumble Inc Buyout Trend	Pair Corr
0.47	AP	Ampco Pittsburgh	Pair Corr
0.45	MITK	Mitek Systems Potential Growth	Pair Corr
0.4	ASML	ASML Holding NV Fiscal Year End 22nd of January 2025	Pair Corr
0.36	BKYI	BIO Key International	Pair Corr
0.31	GPOR	Gulfport Energy Operating	Pair Corr
0.31	AVXL	Anavex Life Sciences	Pair Corr
0.66	BB	BlackBerry Downward Rally	Pair Corr
0.59	SPI	SPI Energy	Pair Corr
0.48	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.48	AOUT	American Outdoor Brands	Pair Corr

Related Correlations Analysis

	GTHR	TSCC	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
GTHR		1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GTHR
TSCC	1.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TSCC
AQUI	0.0	0.0		0.97	-0.12	-0.79	0.75	-0.89	-0.23	0.58	AQUI
MSTSX	0.0	0.0	0.97		-0.04	-0.82	0.86	-0.92	-0.26	0.64	MSTSX
LBHIX	0.0	0.0	-0.12	-0.04		0.44	0.34	0.25	0.58	-0.39	LBHIX
VIASP	0.0	0.0	-0.79	-0.82	0.44		-0.56	0.94	0.67	-0.85	VIASP
RRTLX	0.0	0.0	0.75	0.86	0.34	-0.56		-0.71	-0.01	0.43	RRTLX
OSHDF	0.0	0.0	-0.89	-0.92	0.25	0.94	-0.71		0.49	-0.73	OSHDF
70082LAB3	0.0	0.0	-0.23	-0.26	0.58	0.67	-0.01	0.49		-0.74	70082LAB3
SITKF	0.0	0.0	0.58	0.64	-0.39	-0.85	0.43	-0.73	-0.74		SITKF
	GTHR	TSCC	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TSCC	+ 1.0	GTHR
MSTSX	+ 0.97	AQUI
OSHDF	+ 0.94	VIASP
RRTLX	+ 0.86	MSTSX
RRTLX	+ 0.75	AQUI
70082LAB3	+ 0.67	VIASP

High negative correlations

OSHDF	- 0.92	MSTSX
OSHDF	- 0.89	AQUI
SITKF	- 0.85	VIASP
VIASP	- 0.82	MSTSX
VIASP	- 0.79	AQUI
SITKF	- 0.74	70082LAB3

Risk-Adjusted Indicators

There is a big difference between Schibsted Pink Sheet performing well and Schibsted ASA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Schibsted ASA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GTHR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSCC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQUI	2.79	(1.39)	0.00	0.79	0.00	0.00	0.00	0.00	93.33
MSTSX	0.58	(0.16)	0.00	6.35	0.00	0.00	0.87	(1.20)	7.06
LBHIX	0.14	0.01	(0.03)	0.34	0.00	(0.31)	0.48	(0.24)	1.19
VIASP	0.62	0.19	0.23	3.36	0.41	(0.73)	1.40	(1.18)	5.04
RRTLX	0.26	(0.03)	0.00	(0.19)	0.00	0.00	0.50	(0.57)	2.04
OSHDF	46.68	24.35	0.00	(1.63)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.64	0.10	0.08	0.40	0.80	(0.79)	1.78	(0.74)	6.86
SITKF	4.77	(0.73)	0.00	0.92	0.00	0.00	10.00	(9.37)	31.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Schibsted ASA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Schibsted ASA Corporate Management

Andrew Kvalseth	Chief Officer	Profile
Sven Thaulow	Chief Officer	Profile
JannBoje Meinecke	VP Relations	Profile
Kristin Lund	Chief Officer	Profile
Raoul Grnthal	Ex NEXT	Profile
Mette Krogsrud	EVP Officer	Profile
Dan Ouchterlony	Ex Venture	Profile

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